New Record on the Way?

So far, Vietnam appears to be on track for a good harvest in 2015/16. This notion is holding steady from March analyst projections that yields could recover if weather was good.

The most recent report, in June, from the United States Department of Agriculture stated, “The rainy season began as anticipated in April, which lead to good flowering and cherry development. Cultivated area is estimated nearly unchanged from last year following modest expansion in Lam Dong and Dak Nong Provinces and a slight contraction in Gia Lai Province.”

Forecasts, as usual, vary depending on the source and which measure of production is under consideration. One report, in March, noted the country would likely produce more than 30 million bags. More recent figures suggest a more modest production of between 25 and 30 million bags.